FY25 Results Highlights

• Total revenue of A$33.8M, up 16% on prior year
• Recurring revenue of A$25.3M, up 20% and 75% of total revenue
• Adjusted EBITDA of -A$0.3M, significant improvement from -A$2.0M in prior year
• NPATA of A$0.4M, an A$1.6M improvement on prior year

Mach7 Technologies Ltd (ASX:M7T) has reported its full year results for the year ended 30 June 2025. The company delivered total revenue of A$33.8M, up 16% on the prior corresponding period, reflecting strong growth in high quality recurring revenue which increased 20% to A$25.3M and represented 75% of total revenue. Recurring revenue coverage of operating expenditure increased to 80% in FY25, compared to 72% in the prior year, as the company continued to make progress towards its target of having recurring revenue cover OPEX. The company's Adjusted EBITDA improved significantly to -A$0.3M from -A$2.0M in the prior year, reflecting strong revenue growth and cost control, with OPEX growth of only 9% on the prior year. NPATA improved to A$0.4M, an A$1.6M improvement on the prior year, and the company was operating cash flow positive for the year. Mach7's financial position remains strong with no debt and A$23.1M cash on hand at 30 June 2025. The company has implemented an on-market share buy-back program, with 6.3M shares acquired in FY25 for A$2.2M. Looking ahead, Mach7 will focus on defining and targeting ideal customers, investing in its sales effort with a continued focus on subscription sales in North America, and leveraging its global footprint to extend its customer support and R&D capability. The company is currently undertaking a comprehensive strategic review, with details of the new strategy to be released in Q2 FY26. FY26 guidance will be provided at that time.

The company expects to deliver annualised cost savings of approximately A$1.0M from a R&D project scheduled for completion in H1 FY26 at a total cost of approximately A$0.8M.

Mach7 will focus on defining and targeting ideal customers, investing in its sales effort with a continued focus on subscription sales in North America, and leveraging its global footprint to extend its customer support and R&D capability. The company is currently undertaking a comprehensive strategic review, with details of the new strategy to be released in Q2 FY26.